350 days of sunshine a year
Lowest crime rate in Europe
Lowest taxes in Europe
The highly developed sector of the legal and accounting services
High standard healthcare and education
Member of the European Union
To obtain a residence permit in Cyprus, citizens of other countries need to buy real estate worth at least €300 thousand without VAT. It should be 1 or 2 new properties from the same developer. Before You receive a Cyprus residence permit, You need to apply for it. You are able to do so only after paying €200 thousand according to the value of the object. By this time, the contract of sale should have already been registered in the local land department.
Get a residence permit in a short time: the procedure usually takes about two months. The residence permit is granted not only to the applicant, but also to his family members, including children under 25.
The residence permit gives the right to live in the country all year round without leaving it.
The advantage of a Cyprus residence permit is that it does not require an extension and the validity is for a whole lifetime. To retain the right for Cyprus permanent residence, You do not need to live in the country every year for three months: it is enough to visit the island only once every two years. It is also necessary to open a deposit of €30,000 for three years at any local bank.